CCP 05-24-1993 - Laserfiche WebLink

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1993 SESSION WRAP-UP . -~ CAMPAIGN FINANCE The 1993 Camoalan Reform Act - Reduces Camoalan Contributions - Umits PACs and the amount any individual or PAC may con- lobbyist contributions to 20% of the aggregate tribute to a candidate for constitutional or expenditure limit for the office sought legislative office in an election and nonelec- tion year In the following manner: UnooDosed Candidates - Unopposed can- didates in both the primary and general elec- . Governor: $2,000 in an election year lions may not receive public funds from either and $500 in other years. the tax: check-off or matching subsidy pro- gram. . Attorney General: $1,000 in an elec- tion year and $200 in other years. The Public Subs/dies - Public subsidies are paid original Senate provision was $500 in two ways. The currenttax check-off system and $100. remains Intact, and two new matching fund provisions are added. The match is in the . Auditor, Treasurer and Secretary of amount of the first $50 of contributions re- State: $500 in an election year and celved from individuals eligible to vote In the . $100 in other years. The original Senate state, up to 35% of the expenditure limit for provision was $200 and $100. legislative candidates. The matching funds will assist candidates wIlo do not receive . Senate and House: $500 in an election large amounts of check-off funds In reaching year and $100 in other years. The the expenditure limits of $40,669. The match original Senate provision was $200 will be paid on individual contributions re- and $100. ceived on or after January 1 of the election year. Camoalan Transfers - Prohibits transfers between principal campaign committees and Indeoendent EXDend/tures - Independent mandates the abolition of so-called "Friends expenditures are countered by lifting the ex- of' Committees by December 31, 1993. penditure limit of a candidate wIlo is the victim of IE's dollar for dollar and providing 50% of Caucus Fundra/sers - Bans Caucus the additional spending in public financing. fundraisers during the legislative session. Notice of the impending IE's is required through an affidavit with the Ethical Practices Board. Note: The conference committee report, wIlich the Governor vetoed, had the very same provisions as this bill with the exception of the language on . independent expenditures. . , ---------